Been stuck around 4k for 3+ days now, drop back to 3600-3700 coming in next day or two. The same pattern has been happening time and time again for the last few months.
Let's see as @exstasie have said, this isn't slam dunk yet for the bulls. You mean we are trading sideways? Good indication though, as it really go on either direction. Of course we wanted to go it upward and retest $4200-$5000 so it's going to be interesting to see how will it do this time. We have the same pattern around the $6000-$6500 which eventually go on a downward spiral because of the Bitcoin Cash drama, but this time we don't have any so it's going to be exciting to see the price movement in the next 48 hours and see a good rally above the $4000's.
Well the dip happened as I expected. I know that eventually this trend will change but I just see little in the way of bullishness in the market so we keep flip-flapping between support and resistance levels over the span of about 1 week. We had no drama for 2-3 months at 6k and no real movement. Who knows if the news that stimulates the next big move will be positive or negative.